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Business NewsTechFunding AI robotics company Theker raises $85 million from investors including LVMH
AI robotics company Theker raises $85 million from investors including LVMH
Synopsis
Theker, an AI robotics firm from Barcelona, has secured $85 million in new funding. This investment was led by CRV and included major players like Samsung and LVMH. Theker develops AI-powered robots for industrial tasks. This funding highlights the growing tech scene in Spain, following Amazon's significant investment in the country for data centers and AI.
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Theker, a Barcelona-based AI robotics company, has raised $85 million in a fundraising round, it said on Thursday, highlighting ongoing growth in the Spanish tech sector.
Theker says it develops robots which use AI to perform various tasks in industrial environments.
The fundraising round was led by venture capital firm CRV, while other companies involved included Samsung and luxury goods company LVMH.
The fundraising for Theker comes a few months after Amazon said it would invest a further €18 billion ($20.7 billion) in Spain to expand its data centres and boost AI innovation.
($1 = 0.8681 euros)
Theker says it develops robots which use AI to perform various tasks in industrial environments.
The fundraising round was led by venture capital firm CRV, while other companies involved included Samsung and luxury goods company LVMH.
The fundraising for Theker comes a few months after Amazon said it would invest a further €18 billion ($20.7 billion) in Spain to expand its data centres and boost AI innovation.
($1 = 0.8681 euros)
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